Relieving people’s burden in the election year

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Chinese New Year (CNY) is approaching in about five weeks’ time. Many Malaysian Chinese will celebrate this annual special event. If they are financially sound, they will celebrate in style in terms of clothing, food and others.

Due to external factors like inflation, low production volume, unstable foreign exchange and other factors, some of the festive goodies will be more expensive during the coming Chinese New year season.

Recently there was news reporting that the price of dried seafood products would increase due to a drop in the catch and production. The issue of foreign exchange rate in Ringgit also caused the cost of imported goods to increase for more than half a year and this situation may continue throughout the CNY season. The price of Mandarin oranges for CNY will be higher due to lower production.

The only hope is the recent increase in the value of the Ringgit in foreign exchange. Hopefully the momentum of the increase in value of the ringgit will continue to offset the pressure from inflation. If it is possible then the public will have a better Chinese New Year celebration.

If the Chinese New Year goodies are too expensive, the public will tighten their pockets and will be more cautious in spending. They will shop around in more places before buying CNY essentials and goodies.

Irrespective of whether the market is good or bad, life still goes on. Since this is an election year in our country and if government policies cannot improve the national economy and livelihood of the Rakyat; then a vote in the hands of the Rakyat can help them to change or improve the situation in the country.

Original Source: 大選年要為民紓困